Commenting on the deal, Sunjay Kapur, Chairman, Sona Koyo Steering Systems said the Kapur family is exiting the joint venture and will no longer be on the board as it is divesting entire 25 percent stake it holds. The deal was forged with a view to increase global market share of Sona Group‘s forging business, he said.

Aiming for a double digit growth in FY17: Sona Koyo

Sunjay Kapur, Chairman of Sona Koyo Steering Systems, says the company was not on some of the high-growth platforms such as compact SUVs.

Jat stir in Haryana impacting production: Sona Koyo

Sunjay Kapur, VC and MD, Sona Koyo, talks about how the stir is affecting many auto component ancillaries' output.

Expect 13-14% EBITDA in FY16: Sona Koyo

Sunjay Kapur, Vice-Chairman & MD of Sona Koyo told CNBC-TV18 that frowth decline in customers impacted growth in second quarter.

Eyeing 7-8% revenues, to maintain margins at 17%: Sona Koyo

In an interview to CNBC-TV18, Sunjay J Kapur, Vice-Chairman & Managing Director, Sona Koyo Steering Systems, discusses the company's earnings and its future outlook.

FY16 will be first of a four-year auto upcycle: Axis Cap

Fiscal year 2015-16 will be the first of a three-four year automotive upcycle, Axis Capital, auto analyst Ashish Nigam told CNBC-TV18 in an interview. The investment bank is holding an auto conference where 13 companies from the sector are participating.

Expect sales to grow by 8-10% in FY16: Sona Koyo

The company announced a fall in consolidated total income at Rs 372.7 crore versus Rs 393.5 crore (down 5.3 percent).

To double exports, better margins to 15% in FY16: Sona Koyo

The company is expecting around 20 percent of revenue from exports in the next three years.

Worst over for auto ancillary companies: Sona Koyo Steering

Harish Sheth, CMD, Setco Automotive is of the view that scenario in the commercial vehicle (CV) sector has also improved considerably.

Will log 15% margins if auto growth revives: Sona Koyo

Speaking to CNBC-TV18 on a robust set of Q2 numbers, Surinder Kapur, chairman and mananging director, Sona Koyo Steering Systems, says the company has sold its investment in Europe for 7.75 million euros and that will help strengthen the auto component manufacturer‘s balance sheets.

FY14 operating margins seen at 13%: Sona Koyo

Sona Koyo Steering Systems expects to grow its sale by 7-8 percent in FY14 and sees its operating margins improving to 13 percent during the year.

See margin improvement on back of new project: Sona Koyo

Surinder Kapur, CMD of Sona Koyo said auto component industry has been going through a flat phase mainly because the automotive industry itself has been flat. For Sona Koyo, the Maruti strike at Manesar impacted our growth last quarter, he added.

Expect revenue to be flat in FY12: Sona Koyo

In an interview to CNBC-TV18, Surinder Kapur, chairman and managing director of Sona Koyo Steering System says, in Q3, the pressure has been more on the top-line. He expects revenue to be flat this year.

In 'danger zone' due to Maruti strike, says Sona Koyo

The labour unrest at Maruti is taking a serious toll on auto component manufacturers, including Sona Koyo. Chairman Surinder Kapur tells CNBC-TV18 that they are currently in a 'danger zone.'

Sona Koyo to invest Rs 100cr this fiscal for capex

Sona Koyo Steering Systems, which heavily depends on Maruti for its revenues, has seen a dip in sales. But recent news suggested that the company was looking to invest around Rs 100 crore this year for capacity expansion, which indicates that the company is expecting good demand.

Sona Koyo eyes 10-15% growth this year

In an interview to CNBC-TV18, Surinder Kapur, CMD of Sona Koyo Steering Systems said, the company has had good Q1. He further said, the company will end up the year at least with 10-15% growth over last year.

Bengal govt must award appropriate compensation: Sona Koyo

West Bengal has passed the Singur Land Rehabilitation and Development Bill, 2011. Surinder Kapur, chairman and managing director, Sona Koyo tells CNBC-TV18 that he is relieved after hearing Mamata Banerjee’s decision.

Sona Koyo eyes Rs 1250cr standalone revenue in FY12

In an interview with CNBC-TV18, Surinder Kapur, CMD, Sona Koyo says, the company’s revenue has grown from Rs 242 crore to Rs 290 crore. In the current year, he expects, Rs 1,200 crore to Rs 1,250 crore revenue on a standalone basis.

Expect to clock Rs 1,600cr in sales for FY12: Sona Koyo

In an interview with CNBC-TV18, Surinder Kapur, CMD Of Sona Koyo, spoke about the latest happenings in his company and his outlook.